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DeFi
DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.
DEX Aggregator ParaSwap Launches PSP Token Following ENS Airdrop Excitement
On the heels of the ENS token distribution, exchange aggregator ParaSwap has launched its PSP governance token. PSP enables users to stake in liquidity pools in exchange for platform rewards and participate in its newly formed decentralized autonomous organization (DAO) governance. “The Hash” squad discusses the latest continuation of Airdrop season in DeFi land.
‘I Think We’re Doing This’: Inside One DAO’s $20M Plot to Purchase the US Constitution
What started as 10 internet friends is now an 8,000-strong Discord channel. Is this the new face of participatory democracy?
VCs Back ‘Pawn Shop of the Metaverse’ With $3M Raise
Pawnfi lets customers take out loans against their NFTs while also providing appraisal and liquidation services.
Alex Raises $5.8M to Bring DeFi to the Bitcoin Ecosystem
Alex aims to be a one-stop DeFi platform for fixed-rate and fixed-term bitcoin lending and borrowing.
Cream Plunges on News That Hack Compensation Will Inflate Token Supply
The price of CREAM has fallen off two cliffs in less than a month.
xDai Wants a Gnosis Merger to Stay Relevant, but Some Tokenholders Are Crying Foul
Project leads see a potentially historic DeFi merger as a way to fend off the competition. Speculators are complaining they’ve been shortchanged.
‘Curve Wars’ Heat Up: Emergency DAO Invoked After ‘Clear Governance Attack’
In a governance first, Curve has halted rewards emissions to a pool after it deemed a protocol’s behavior a “clear governance attack.”
Saddle Raises $7.5M to Reduce Slippage in DeFi Trading
The automated market maker wants to minimize the spread on stablecoin trades.
Polkadot DeFi Darling Acala Has Gathered Over $600M and Counting
Acala is likely to win the first Polkadot parachain slot in the auction process beginning Thursday.
